Manchester United have become the first sports team in the world to be valued at more than US$3 billion (£1.9bn).
According to American business magazine Forbes, United are comfortably ahead of the world's second-most-valuable sports team, the NFL's Dallas Cowboys, worth US$2.1bn (£1.4bn).
Indeed, a surge in the club's shares - standing now at $17 each - has seen the overall value of United rise and a huge increase in the overall wealth of the Glazer family, who have a controlling interest in United, and billionaire investor George Soros - the 22nd richest person in the world - who bought a 7.5% stake in the club.
United sold 10% of shares in the club in an Initial Public Offering (IPO) in August when the Glazers - their owners - hoped to achieve a price of $20 each, which could have valued the club at $3.3 billion (£2.06 billion).
But after underwriters initially propped the share price up, it fell as low as $12, which valued the club at just under $2 billion (£1.3bn).
However, United's commercial growth appears to be driving the share price up, with the club announcing several new sponsorship deals since August, qualifying for the Champions League knockout stages, and with the prospect of the new bumper Premier League television deals that are coming on stream from August.